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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (27158)6/28/2007 10:11:01 AM
From: Spekulatius  Read Replies (1) | Respond to of 78742
 
OSBK can be had for 8$ adding more today.

Math is simple: 3.6m shares out, 35.2M$ equity=9.8$ book value/share. 9c earnings last quarter.
Total assets: 126M$. With 30% equity they have more than 3x what is needed to run a bank. History of LT growth and good asset quality. OSBK is worth at least 12$ with a small margin of error since most assets are cash. if this is not a bargain i don't know what else is.
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